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Tezos (XTZ) Price Spikes Almost 30 Percent After Getting Listed on Coinbase Pro

  • Alex Dovbnya
    📰 News

    The ‘Coinbase effect’ was exceptionally good for Tezos, which means that it won’t fade anytime soon

Tezos (XTZ) Price Spikes Almost 30 Percent After Getting Listed on Coinbase Pro
Cover image via www.123rf.com

Coinbase, the number one cryptocurrency exchange in the US, has added Tezos (XTZ) to its professionally oriented trading platform Coinbase Pro. The exchange will start accepting XTZ deposits on Aug. 5.

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The launch of the proof-of-stake cryptocurrency will be traditionally conducted in four stages (from the ‘transfer only’ mode to full trading).

According to CoinMarketCap data, the coin’s price spiked by more than 27 percent after the announcement. XTZ is currently sitting at $1.29.

Tezos price chart
Image by CoinMarketCap

As reported by U.Today, Chainlink landed on Coinbase shortly after being added to Coinbase Pro. Tezos will most likely follow suit, which might result in an additional boost for the coin.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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